Equities research analysts expect that Prologis Inc (NYSE:PLD) will announce $587.24 million in sales for the current fiscal quarter, according to Zacks. Three analysts have issued estimates for Prologis’ earnings, with estimates ranging from $543.30 million to $629.70 million. Prologis posted sales of $602.87 million during the same quarter last year, which suggests a negative year-over-year growth rate of 2.6%. The business is scheduled to issue its next quarterly earnings results before the market opens on Tuesday, October 16th.
According to Zacks, analysts expect that Prologis will report full-year sales of $2.37 billion for the current financial year, with estimates ranging from $2.31 billion to $2.42 billion. For the next fiscal year, analysts expect that the business will report sales of $2.82 billion, with estimates ranging from $2.76 billion to $2.87 billion. Zacks’ sales calculations are an average based on a survey of research analysts that that provide coverage for Prologis.
Prologis (NYSE:PLD) last posted its earnings results on Tuesday, July 17th. The real estate investment trust reported $0.71 earnings per share for the quarter, hitting analysts’ consensus estimates of $0.71. Prologis had a return on equity of 10.11% and a net margin of 74.17%. The firm had revenue of $621.00 million for the quarter, compared to the consensus estimate of $557.43 million. During the same quarter in the prior year, the business earned $0.84 EPS. The business’s revenue for the quarter was down 18.9% on a year-over-year basis.
Shares of PLD stock traded down $0.30 during midday trading on Monday, reaching $62.54. 3,529,253 shares of the stock were exchanged, compared to its average volume of 2,999,074. Prologis has a 1 year low of $58.28 and a 1 year high of $68.20. The company has a debt-to-equity ratio of 0.51, a quick ratio of 0.73 and a current ratio of 0.73. The company has a market capitalization of $42.67 billion, a price-to-earnings ratio of 22.26, a price-to-earnings-growth ratio of 4.43 and a beta of 0.72.
The business also recently declared a quarterly dividend, which was paid on Friday, September 28th. Investors of record on Monday, September 17th were paid a $0.48 dividend. The ex-dividend date was Friday, September 14th. This represents a $1.92 annualized dividend and a dividend yield of 3.07%. Prologis’s payout ratio is currently 68.33%.
In related news, Director Irving F. Lyons III sold 4,808 shares of the company’s stock in a transaction that occurred on Friday, September 28th. The stock was sold at an average price of $67.45, for a total value of $324,299.60. Following the transaction, the director now directly owns 9,863 shares of the company’s stock, valued at approximately $665,259.35. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director William D. Zollars sold 8,020 shares of the company’s stock in a transaction that occurred on Monday, July 23rd. The shares were sold at an average price of $62.45, for a total value of $500,849.00. Following the completion of the transaction, the director now directly owns 11,490 shares in the company, valued at $717,550.50. The disclosure for this sale can be found here. Insiders sold a total of 52,690 shares of company stock worth $3,501,582 in the last 90 days. 1.32% of the stock is currently owned by company insiders.
A number of hedge funds have recently added to or reduced their stakes in PLD. McKinley Carter Wealth Services Inc. bought a new position in shares of Prologis during the 1st quarter valued at $106,000. Advisors Preferred LLC lifted its holdings in shares of Prologis by 141.1% during the 2nd quarter. Advisors Preferred LLC now owns 1,685 shares of the real estate investment trust’s stock valued at $111,000 after buying an additional 986 shares during the period. Summit Trail Advisors LLC lifted its holdings in shares of Prologis by 6,714.8% during the 1st quarter. Summit Trail Advisors LLC now owns 144,950 shares of the real estate investment trust’s stock valued at $145,000 after buying an additional 142,823 shares during the period. Smithfield Trust Co. lifted its holdings in shares of Prologis by 85.5% during the 2nd quarter. Smithfield Trust Co. now owns 2,319 shares of the real estate investment trust’s stock valued at $152,000 after buying an additional 1,069 shares during the period. Finally, NuWave Investment Management LLC bought a new position in shares of Prologis during the 2nd quarter valued at $186,000. 80.59% of the stock is currently owned by institutional investors and hedge funds.
Prologis Company Profile
Prologis, Inc is the global leader in logistics real estate with a focus on high-barrier, high-growth markets. As of June 30, 2018, the company owned or had investments in, on a wholly owned basis or through co-investment ventures, properties and development projects expected to total approximately 685 million square feet (64 million square meters) in 19 countries.
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